ASEAN Retail Sector

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Highest GDP per capita in the region and projected sustained growth creates a stable consumer base SINGAPORE High rental cost and tight labour market World’s 4th most populous nation with highest consumer confidence in the region INDONESIA Spending power hampered by slowest pace of GDP per capita growth among the 4 countries Pick up in consumer confidence and recovery in tourist arrivals likely to continue THAILAND Low population growth and ageing society could impede retail spending Government push to drive the country's development as a duty-free shopping hub MALAYSIA Low consumer confidence indicates.

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We're delighted to announce that achica (www.achica.com) is now part of the BrandAlley.co.uk family. This means the full range of Achica homeware sales, offering fabulous deals across a wide range of homewares, will now be available on BrandAlley.

OTHER ARTICLES

How E-Commerce Inventory Management Can Help You Save Money

Article | April 8, 2020

E-commerce platforms are no longer secondary to that of brick-and-mortar stores. In fact, having an e-commerce platform is crucial to ensure business success today. The numbers don’t lie. Global retail e-commerce sales totaled over $3.5 billion in 2019. The value of the market is rising year on year. Running an online store can be a lucrative exercise if you get the vital processes correct. One such process is your inventory management. At heart, e-commerce is simple. You showcase a range of products online, customers find and buy what they want, and then you deliver. What’s critical, then, is that you have the items you advertise and can get them where they need to go. That’s why getting your inventory management right is essential.

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How the coronavirus and retail closures are accelerating the rise of Amazon

Article | April 8, 2020

Under orders to stay home, millions of Americans have turned to online marketplaces like Amazon to order much-needed essentials like toilet paper, food, hand sanitizer and cold medicine. In lieu of neighborhood supermarkets, consumers are relying on online grocery delivery services like Amazon Fresh, resulting in a cascade of delays and out-of-stock notices amid the unexpected rise in demand. Amazon has hired more than 100,000 new warehouse and delivery workers since March to help manage the surge in orders, and it’s planning to bring on 75,000 more workers. The unprecedented demand has propelled shares of Amazon to fresh highs. The stock hit an all-time high on April 16 and is up more than 28% for the year, compared with an 11% decline for the S&P 500. Investors have flocked to Amazon and other stay-at-home stocks like Netflix and Zoom in recent months, as consumers have come to depend on their services amid the lockdown.

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Retail store space can have myriad uses

Article | April 8, 2020

Brick-and-mortar retailers have embodied this concept since the inception of physical stores. The saying is taking on a different meaning for retailers seeking to reimagine the concept of physical stores. No-inventory stores, like Bonobos, are exchanging storefronts filled with large amounts of costly inventory for showrooms stocked with personal stylists, cafés or office space. The concept of the store as a showroom benefits retailers, their customers and their workers. The combination of decreased square footage, lower rents and freed-up cash typically tied up in massive inventories creates new opportunities for all to enjoy. Consolidating most inventory in a few central locations, rather than scattering it across all stores, will increase margin and inventory turns significantly.

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How is Point of Sale Software Changing in 2020?

Article | April 8, 2020

All great businesses are blooming on the edifice of POS, which stands for Point of Sale System. Every inch of your business consistency, management, and profits is subjected wholly and solely to the retail POS system. As we all are aware of its importance in a business and how effectively it tends to expand business empires and profits. In other words, a retail POS system is like a Midas touch to your business; it enhances it and enhances it for good, adorning it with golden profits. The idea of POS software is simple. It excludes every chance of human errors and inconsistencies, holds back your company's loss, and increases the productivity of your checkout counter. This is all it does, and all of these tasks are simple, but they are reassuring business tactics that ensure promising gains and remarkable retail growth.

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Spotlight

achica

We're delighted to announce that achica (www.achica.com) is now part of the BrandAlley.co.uk family. This means the full range of Achica homeware sales, offering fabulous deals across a wide range of homewares, will now be available on BrandAlley.

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